Bank of America Securities analyst Ronald Epstein maintained a Buy rating on RTX today and set a price target of $175.00.
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Ronald Epstein’s rating is based on several strategic initiatives and positive outlooks for RTX. The company is actively working to mitigate the impact of tariffs, which are expected to be a significant financial headwind this year. By qualifying more parts for duty-free treatment and optimizing inventory, RTX aims to reduce tariff exposure, while anticipated tax benefits from R&D expenditures could further offset these pressures.
Furthermore, RTX is poised to benefit from a notable decline in GTF AOGs in the second half of the year, with the V2500 program contributing to aftermarket margins. The company is also experiencing unprecedented defense demand, driven by increased EU defense spending and funding for key programs. RTX is ramping up production to meet this demand, focusing on supply chain readiness and workforce support. These factors, combined with a positive price objective, underpin Epstein’s Buy rating for RTX.
Epstein covers the Industrials sector, focusing on stocks such as Boeing, RTX, and Transdigm Group. According to TipRanks, Epstein has an average return of 17.9% and a 65.77% success rate on recommended stocks.
In another report released on July 24, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $177.00 price target.